Latest Key Developments (Source: Significant Developments)

India's Infosys Exec says : Continue to see core IT services doing extremely well . Financial services despite challenges have seen good growth . Expanded margins by 80 bps in Q2 . Automation fundamental part of our work going forward . Expect BFSI to be muted over the next few quarters . Clients continue to spend on digital . Seeing lot more traction on product side of our business . We expect retail to be bit choppy over next few quarters . Our operating margin expectation is 24-26 percent for FY17 . Will continue to focus on ability to sell new products . Will continue to see good ramp up in healthcare sector in Q3 as well . We are in a very healthy operating cash flow situation in this quarter Further company coverage: [INFY.NS] (Reporting By Sankalp Phartiyal) ((swati.bhat@thomsonreuters.com;)).
Full Article

Infosys Ltd : Exec says cloud based services will have a positive impact Further company coverage: [INFY.NS] (Reporting By Anya George Tharakan and Tanvi Mehta) ((swati.bhat@thomsonreuters.com;)).
Full Article

Infosys Ltd : Had unanticipated headwinds in discretionary spending in consulting services, package implementations as well as slower project ramp-UPS in large deals . Automation continues to be a core lever in the renewal of traditional service offerings . "Our focus on optimizing cost efficiency levers helped US during the quarter and our cash generation was strong" . Continued to see strong momentum in large deal wins in Q1 . Says client additions and top client growth was strong during the quarter . Continued to see growth in delivery services in Q1 due to renewal on the basis of zero distance, design thinking and automation .
Full Article

Infosys Ltd:Says that it has made an investment of $3 mln in WHOOP, an early stage company offering a performance optimization system for elite professional sports teams.Says investment will be completed by Dec. 16, 2015.
Full Article

Infosys Ltd:Considered and approved to acquire 100 percent stake in Noah Consulting LLC, head quartered in Houston, Texas (USA), a provider advanced information management consulting services for the oil and gas industry.Further informed that none of the promoter or promoter group or group companies have any interest in Noah Consulting LLC and this acquisition does not fall under the related party transaction.
Full Article